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Government waters down farm inheritance tax plan
Kate WhannelPolitical reporter PA Media Farmers protested against the changes again at last month’s Budget Government proposals to tax inherited farmland have been watered down, with the planned threshold increasing from £1m to £2.5m. The climbdown follows months of protests by farmers and concern from some Labour backbenchers. At last year’s Budget, ministers said they…
US slashes proposed tariffs on Italian pasta imports
Italian pasta is set to be spared from high-level US tariffs that the Trump administration had threatened against 13 producers. The move could have resulted in American importers being taxed at a rate greater than the value of the actual pasta itself, and prices rising sharply for US consumers. But on Thursday, the Italian foreign…
The one measure that can tell us a lot about the state of the UK economy
Faisal IslamEconomics editor Reuters Shoppers on Oxford Street during the Boxing Day sales A new year, a new beginning. The latest monthly figures on the economy hardly confirm a change of gear, but nor do they back up the worst doom-mongers claiming decline and recession. It is neither doom nor boom, but a new year…
